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FASB Moving Ahead
On Derivatives Rule

By

Elizabeth MacDonald Staff Reporter of The Wall Street Journal

Updated July 17, 1997 3:31 a.m. ET

The Financial Accounting Standards Board, despite widespread criticism from the business community, is proceeding with a controversial rule that would force companies to report the fair market value of derivatives on their books.

Though the FASB made some changes to accommodate the complaints, the proposed rule could still have a major impact on corporate earnings by forcing companies to include any potential profit or loss from...